The Effect Of Budget Padding In The Nigerian Economy, A Tool For Inflation

CHAPTER 1 INTRODUCTION Background of the study A budget is a detailed financial plan that quantifies future expectations and actions relative to acquiring and using resources (Barro et al, 2007). It is a method of communicating the goals of an organization to the appropriate managers in order to facilitate, coordinate and control various sections of the organization so the desired outcomes are achieved (Argyris, 1953). According Abel and Andrew, (2005) Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should …